575 Spring St
Elizabeth, NJ 07201
AutoZone · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN ground leased AutoZone asset with over 11 years remaining
- Dense retail trade area with national retailers such as Speedway, Wawa, Sonic, Burger King, and Dunkin’ Donuts, among others
- Two 8% rental increases remaining in base term
- Lease corporately guaranteed by AutoZone
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built
2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.34 AC
Zoning
N/Av
Parking
40 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
ABOUT 575 SPRING ST , ELIZABETH, NJ 07201
STREAM Capital Partners is pleased to offer a corporately guaranteed, absolute NNN ground leased AutoZone asset with over 11 years remaining and two 8% rental increases remaining in base term. The asset is located on Spring Street with over 52,000 vehicles per day in a dense retail trade area with national retailers such as Speedway, Wawa, Sonic, Burger King, and Dunkin’ Donuts, among others. The Subject Property is situated in a densely-populated area with over 214,300 people living in a three-mile radius with average household incomes exceeding $79,360. The property is in close proximity to Newark Airport (46 million annual passengers) and Port of Newark (#3 in US port volume).
PROPERTY TAXES
| Parcel Number | 04-00008-0000-01688-A | Improvements Assessment | $1,780,500 |
| Land Assessment | $1,142,200 | Total Assessment | $2,922,700 |
